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ParadTrade

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    What kind of scam scheme helps scammers from ParadTrade - reviews of how scammers profit from traders

    Everyone who opened”Personal Area”in ParadTrade I really regretted it. The loss of the deposit and severe manipulation of quotes fell on the heads of the poor people. One step before the scam, Sharashkin’s office began to refuse withdrawals. Before this, I simply couldn’t make money.

    Status

    SCAM

    Year of foundation

    2021

    Affiliate program

    Yes

    Regulation and jurisdiction

    No

    Company Features

    A scam is posing as a “daughter” of a British company in order to scam Russians out of money.

    Website

    paradtrade.com

    Contacts

    Side:UK 

    City:London

    Address: 10 Finsbury Square

    Phone: +420488102480

    Pros
    • Russian version of the site
    Cons
    • No registration, license
    • Transactions are simulated, quotes are under the control of a scam
    • The output doesn't work
    Trading Platform

    MT4, MT7

    Types of accounts

    Standard

    Currency

    USD

    Deposit/withdrawal

    Visa, Mastercard, Exchange, Crypto

    Min Deposit

    $150

    Leverage

    1:1000

    PAMM

    Yes

    Spread

    0.2 points

    Financial Instruments

    CFDs of stocks, indices, cryptocurrencies, currencies, commodities

    Trading Features

    Forex kitchen drains client transactions using wide leverage and price manipulation

    Review ParadTrade

    The ParadTrade scammer hit him in the chest with his heel: he part of the Merit Group brand. This is a publishing holding. He had never heard of the hero of our review. The dodger was hanging noodles on his ears.

    The best assistant in checking the intermediary for honesty is rating of forex brokers. Read reviews from past clients. Find out if there is a withdrawal of money. Minimize the risk of running aground.

    ParadTrade actively supported the Traders Union award. Every trader should remember well: this is a fake financial regulator. He encourages scammers.

    The ParadTrade website rustled: the company that manages it is registered in St. Vincent and the Grenadines. This statement does not stand up to scrutiny.

    Instead of a license, Sharashkin’s office slipped in an IFMRRC certificate. This office has nothing to do with financial regulation and does not give the right to deal with traders.

    The official ParadTrade website gives a pool tools. There’s a crypt there. For this, the swindler again receives a big minus. There will be absolutely no certainty that transactions will be transferred to liquidity providers.

    Comment Rating Forex: ydila gave almost all the specifications. They warn: you can’t count on transferring transactions to the interbank market. This can be seen at least from the 1:1000 shoulder.

    In the pool withways to top up and withdraw card transactions,crypto wallet, transfer through a crypto exchange. Scam really wants patients to top up in Bitcoin and altcoins. The motivation is simple: they are easy to steal and difficult to track.

    Terms of cooperation. To earn money ParadTrade?

    BablosbornikParadTrade offersinvestments:

    • Vforex,
    • cryptocurrency,
    • actions,
    • goods,
    • indexes.

    There is a complete list of tools on the scammer’s website. It’s in the specifications section.

    Spreads are available in real time. They are very wide – from 2 points for EUR – USD. He also became generous with swaps and commissions forswap-free trade.

    The ParadTrade scam has only one type of account. He gives out a scam for money:

    • Leverage – 1:1000. It’s very broad.
    • The minimum volume of a position is 0.01 lot. Typical level of a “kitchen”, dealer or scam.

    In addition, the account must be activated. You will have to pay $5.

    The scam rustles: when replenishing the depot, payment systems write off the fee. He promises to compensate for this. Allegedly, in the end the amount will be full. Attention: a real broker will never do this.

    Rating Forex reminds: toCompensation is only possible from scammers, as they imitate trading. Instead of real money in the terminal, all the instruments are derivatives that are not related to the real market. That is, the scammer can move prices as he wants and draw any compensation.

    Registration, regulation, replenishment and withdrawal of money from ParadTrade

    Scam brokerParadeTrade whispers: he is part of the Merit Group. In fact, nothing like that. The British company is not associated with the subject of our review.

    In addition, sharashka fills: it has offices in Prague and Kingstown (St. Vincent and the Grenadines). According to legend, its headquarters are in London. Rating Forex verified this information in the UK register of legal entities. There is no ParadTrade office there.

    The situation is similar with registries in other countries of the world. None of them ever smelled like the hero of our review. Before us is an illegal dump. She miraculously stayed afloat for more than 3 years.

    Regulation

    Instead of a license from a financial regulator, the scammer showed a certificate from IFMRRC, an organization that has nothing to do with the control of Forex brokers. This is a non-profit SRO. The piece of paper it issues is not enough for the liquidity provider to cooperate with its owner.

    Rating Forex reminds you: there are no honest brokers without a license from the financial regulator. This scams. They have nowhere to take their positions. All they can do is imitate trading.

    Depositing and withdrawing money from ParadTrade

    To replenish, the scammer suggests using:

    • Visa, Mastercard cards. Enrollment is instant.
    • Crypto wallets. Transaction times are 0–24 hours.

    In addition, you can choose to transact through exchanges. You’ll have to wait 2 hours.

    The amount of commissions is not specified. But the scammer promises that she will compensate them. It also has a bonus – commission-free transactions. He hints that payment systems take from 6% to 17% of the transferred amount. This is an inappropriately fatty collection.

    Rating Forex warns: pA depot in a crypt is a sign of a scam. This asset does not fit well with anti-money laundering policies.

    Expert opinion

    Eugene Rudenko

    Official site ParadTrade tells tales about registration in St. Vincent and the Grenadines. That is, offshore, which does not regulate Forex brokers. The swindler also does not have a license. Instead, a piece of paper issued by the SRO. She supposedly confirms safety.

    Everyone who opened”Personal Area”in ParadTrade I really regretted it. The loss of the deposit and severe manipulation of quotes fell on the heads of the poor people. One step before the scam, Sharashkin’s office began to refuse withdrawals. Before this, I simply couldn’t make money.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Отзывы о ParadTrade

    Conned by ParadTrade managed to generate reviews on the TrustPilot website. All of them have a plus sign. Fortunately, there are many more honest comments. They warn: it’s better not to deal with Sharashka’s office.

    For example, on brokertribunal.com, the trickster’s former patients complained: he has a lump instead of a license. In addition, he contradicts himself.

    ParadTrade rustles at first: I worked in the USA for 10 years. Then he warns: he will not accept anyone who comes from there. At the same time, the scam broker is uploading: it started in 2021. It is clear that the bit is brazenpulled information from various resources, collecting Frankenstein’s monster from its pieces.

    On vsyapravda.net people are tearing up and running: the ParadTrade scam is doing everything to prevent people from making money. Lovchila:

    • resets the deposit;
    • resets verification;
    • drains profitable trades by interfering with quotes.

    As a result, traders lose capital. They don’t even have the opportunity to collect the entrance ticket.

    On emoney-hub.com they warn: they were whistling about age. He has a cheap website. He makes me feel like I’m getting a divorce. It’s obvious that the broker is fake. In addition, he is issued with fake documents.

    The scammer ParadTrade (“ParadTrade”) will quickly give back everything that he took from you when the lawyers of Rating Forex take it on. We bwe return your money free of charge from fraudulent brokers. Scammers cannot withstand our pressure. See for yourself.

    Like a divorceandt for ParadTrade money

    The hero of our review pushes trade through advertising. In addition, his arsenal includes cold calling and social networks. All quotes are under his complete control. Therefore, it’s easier for him to lose any deal. In addition, the trickster can cancel the deposit on any position for a flimsy reason.

    Only a few managed to withdraw money from the ParadTrade scammer. Moreover, people did not receive everything that was at the depot. Most of the capital was immediately sent to the dodger’s pocket without a return ticket.

    conclusions

    “Kitchen” ParadTrade has been staying afloat for several years. This catcher does not display trader’s positions anywhere, it imitates all trading. Where does his profit come from then? Sharashka uses very wide leverage and moves quotes so that traderslost money.

    The poor fellows who opened a “Personal Account” with ParadTrade believe that they themselves are to blame for the loss. They don’t run to complain about a rotten scam that literally robbed them. Behind a few dissatisfied reviews are hidden thousands of deceived people.

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    FAQ

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    How do customer reviews influenceParadTrade on the company's rating?

    Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. See all reviews about ParadTrade You can visit the company’s official website.

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    How to write a review about cooperation withParadTrade on the Rating Forex site?

    Register on the Rating Forex website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a reviewParadTrade, posted at the link.

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